Strive Buys 1,800 Bitcoin for $143 Million, Reaches 23,156 BTC and Fifth Place

Strive’s stock soared on Monday after the company announced a $143 million bitcoin buy, making it the fifth biggest publicly traded crypto treasury. The Nasdaq-listed company announced its latest buy of 1,800 bitcoins between August 24 and August 28. It snapped up the coins for an average price of $79,431, according to a filing with the Securities and Exchange Commission. The Dallas, Texas-based company now holds 23,156 coins worth $1.8 billion at today’s prices. Its stock (NASDAQ: ASST) was trading 9% higher at about 12.30pm in New York. Year-to-date, Strive’s stock has risen by nearly 40%. Strive’s year-to-date Bitcoin yield, a metric that compares growth in bitcoin holdings relative to share count, reached 40.8% as of its Aug. 28 filing, up from less than 37% in early June. Strive now is the fifth biggest bitcoin treasury, behind only Strategy, Twenty One, Metaplanet, and MARA. Founded by former Ohio gubernatorial candidate Vivek Ramaswamy in 2025, after raising $750 million to buy Bitcoin, Strive debuted as an official bitcoin treasury. In January 2026, it completed the acquisition of Semler Scientific in an all-stock deal — the first instance of a publicly traded Bitcoin treasury company acquiring another such company. The idea is that investors can get amplified returns from Strive’s stock. The company buys bitcoin with equity, and maintains a debt-free balance sheet: no bonds, no credit lines, and no leveraged positions that could trigger forced liquidation in a downturn. Strive CEO Matt Cole has described the company as debt-free with zero margin requirements and zero encumbered bitcoin. Strive’s latest purchase comes as Strategy, the biggest corporate holder of bitcoin, restarted its buying last week. The software company had paused buying bitcoin for 10 weeks but announced it had bought 4,603 bitcoins for $369.7 million between August 24 to August 30.

Strive Buys 1,800 Bitcoin for $143 Million, Climbs to No. 5 Among Public Companies Summary - Strive bought 1,800 Bitcoin for about $143 million, rising to No. 5 among public companies by Bitcoin holdings. - TD Cowen raised its price target on Strive's ASST shares from $28 to $32 and maintained its buy rating. - TD Cowen said Strive's holdings would exceed 27,100 Bitcoin if it buys an additional about 4,300 in the third quarter and 3,000 more Bitcoin in the fourth quarter. Forecast Trend Report by Period Strive, which is pursuing a Bitcoin treasury strategy, has climbed to fifth place among public companies by Bitcoin holdings after another purchase. TD Cowen raised its price target on the stock following the buy. Crypto news outlet The Block reported on August 31 that Strive bought 1,800 Bitcoin between August 24 and August 28 at an average price of $79,431, for a total of $143 million. The purchase lifted its total Bitcoin holdings to 23,156, pushing it past crypto exchange Bullish into fifth place among publicly traded companies. TD Cowen raised its price target on Strive shares, ticker ASST, to $32 from $28, an increase of more than 14%, and maintained its buy rating. In a research note, the bank wrote that Strive's Bitcoin purchases were far larger than its previous model had assumed. ASST was trading at about $23 on the morning of August 31, up about 6% on the day. The stock has gained about 165% over the past six months. TD Cowen projects that Strive will buy about 4,300 more Bitcoin in the third quarter and another 3,000 in the fourth quarter. If that happens, its total holdings would exceed 27,100 Bitcoin, putting it within reach of fourth place, now held by Adam Back-led Bitcoin Standard Treasury Company, which holds about 30,000 Bitcoin. Meanwhile, Strategy, the largest public-company holder of Bitcoin, also resumed purchases last week. The company bought 4,603 Bitcoin for about $370 million, lifting its total holdings to 845,050. It was Strategy's first Bitcoin purchase in about 10 weeks after it halted buying in late June to focus on raising cash. Suehyeon Lee [email protected]'m reporter Suehyeon Lee, your Web3 Moderator.

Strive Becomes 5th Largest Bitcoin Treasury After 1800 BTC Buy, ASST Stock Jumps 5% Highlights - Vivek Ramaswamy's Strive added 1800 BTC for $143 million, expanding its total holdings to 23,156 BTC. - The firm flipped crypto exchange Bullish to become the 5th-largest Bitcoin treasury company. - ASST stock climbed more than 5% as Bitcoin price holds above $78K. Vivek Ramaswamy’s Strive acquired an additional 1800 Bitcoin for $143 million. With the latest purchase, it has become the 5th largest corporate Bitcoin treasury with 23,156 in total Bitcoin holdings. ASST stock price also jumped more than 5% on Monday, extending its monthly rally to over 100%. Strive Expands Bitcoin Treasury to 23,156 BTC The Bitcoin treasury firm purchased 1800 BTC at an average price of $79,431 per coin between August 24 and 28, according to an official announcement on August 31. The BTC were purchased using proceeds from SATA and ASST shares sold at-the-market (ATM) offerings. With the latest buy, its total Bitcoin holdings increased to 23,156 BTC worth $1.769 billion. Cash and cash equivalents also increased to $183.5 million. With the latest purchase, Strive also flipped crypto exchange Bullish to become the 5th-largest Bitcoin treasury company in the world. CEO Matt Cole took to X to reach out to its shareholders and the broader crypto community about the latest Bitcoin purchase. The company boosted BTC yield by 5.8% over the last two weeks. Strive acquired an additional 1,800 BTC for $143M at an average cost of $79,431 per bitcoin, bringing total holdings to ₿23,156.$ASST $SATA pic.twitter.com/6ztKhC4PFF — Matt Cole (@ColeMacro) August 31, 2026 Vivek Ramaswamy’s Strive last acquired 1,110 Bitcoin for $81.5 million. The firm remains committed to BTC accumulation despite a massive drop in Bitcoin price and MSTR shares. ASST Stock Rally 100% in a Month ASST stock jumped more than 4% to $22.61 during the pre-market trading hours on Monday. This signals positive sentiment among investors as Bitcoin price holds strongly above $78K despite renewed US-Iran war jitters. MSTR stock closed 2% lower at $21.74 on Friday as Bitcoin price slipped after Fed Chair Kevin Warsh’s hawkish comments. However, trading volumes rose sharply. Meanwhile, SATA preferred stock dropped below its $100 par value last week. It is also trading below par value today at $99.95. This indicates uncertainty in the crypto market. Bitcoin price is also showing volatility, moving range-bound near $78K, with a 24-hour low and high of $77,161 and $79,346, respectively. Moreover, trading volume has increased by 96% in the last 24 hours, indicating a massive interest among traders. Polymarket data shows prediction market participants expect Bitcoin price to reach $85,000 by December, with 69% Yes bets. Instant Currency Exchange at BestChange with Ease - Compare Rates Across 1000+ Exchanges - Access 250+ Cryptocurrencies & Pairs - Save Time with Real-Time Price Tracking - Trusted & Verified Exchange Listings

Strive, Inc. (Nasdaq: ASST) disclosed on August 31, 2026 that it bought 1,800 bitcoin between August 24 and August 28, lifting holdings to 23,156 BTC. The company paid roughly $79,431 per coin, including fees and expenses. Strive, the bitcoin treasury company that took its Nasdaq listing through a merger with Asset Entities, reported the buy in aForm 8-K filed with the SEC. The filing sets the week’s balance sheet lines beside the prior week’s. The average price of$79,431sits well above the $73,409 Strive paid for 1,110 coins the week before, extending a run that carried the treasury past20,000 BTC in July. Effective common shares outstanding rose to 93,262,570 from 89,683,423 over the same five days. Strive also held 505,000 shares of theVariable Rate Series A Perpetual Stretch Preferred Stockissued by Strategy Inc. (formerly MicroStrategy), unchanged on the week. Fair value of that position edged up to $49.15 million from $48.57 million. ASST traded about 2.35% higher near $22.25 before the opening bell. Strive acquired an additional 1,800 BTC for $143M at an average cost of $79,431 per bitcoin, bringing total holdings to ₿23,156.$ASST$SATApic.twitter.com/6ztKhC4PFF The filing does not tie proceeds to coins, but the share tables show where the money came from. Strive issued 3,579,147 Class A shares and 803,099 SATA preferred shares in the window it spent roughly$143 millionon bitcoin, and cash still ended $11.6 million higher. Preferred stock is where the pace changed. The prior week added441,313 SATA sharesagainst3,646,300 Class A shares, so common issuance held steady while preferred issuance climbed by more than 360,000 shares. Strive names the cost in its own risk factors: “dilution caused by Strive’s issuance of additional shares of its Class A common stock or SATA Stock.“ Class B stock stayed at 9,792,535 shares and the 26,596,010 shares underlying traditional warrants did not move. The week’s dilution came from the two instruments funding the treasury, the same playbook that builtStrategy’s much larger bitcoin position. The 8-K confirms the purchase and the share counts. It does not answer three questions: Shareholders following the cost of accumulation can read that arithmetic themselves. The Class A and SATA lines appear beside the bitcoin count in every weekly filing, so the coins added and the shares issued to add them sit in one table. You getone weekly briefingwith only the stories that matter. If the market is quiet, we skip it. Strive is running an accumulation strategy funded by its own paper. Coins rise, and the share counts rise with them. The mechanism carries more information than the headline holdings figure, which says nothing on its own about what each remaining share owns. Preferred stock is where any strain shows first. SATA carries a dividend Strive must fund, and 803,099 new preferred shares in five days enlarge that obligation while thebitcoinbought with the proceeds pays no income. The filing states the dilution risk among its cautionary factors and stops there.

Strive buys 1,800 Bitcoin for $143M, becomes fifth-biggest corporate holder Strive’s latest Bitcoin purchase lifted its holdings to 23,156 BTC, making it the fifth-largest publicly traded corporate holder as crypto markets rebound. Strive, a publicly traded asset manager and Bitcoin treasury company, added 1,800 Bitcoin to its holdings last week, accelerating an accumulation strategy that has propelled it into the ranks of the world’s five biggest publicly traded corporate Bitcoin holders. The company purchased the Bitcoin (BTC) for approximately $143 million between Aug. 24 and Aug. 28, paying an average price of $79,431 per BTC, including fees and expenses. CEO Matt Cole confirmed the acquisition on Monday. The purchase brought Strive’s total holdings to 23,156 Bitcoin, up from 21,356 BTC a week earlier. As Cointelegraph reported, the company had purchased 1,110 BTC the previous week for roughly $81.5 million at an average price of $73,409 per coin. Strive has accelerated its Bitcoin accumulation in recent weeks. Adam Livingston, an adviser to Saturn Credit, noted that the latest purchase increased the company’s Bitcoin holdings by roughly 8.4% in just five business days. Source: Adam Livingston The acquisition also pushed Strive past Bullish, the crypto exchange and digital asset infrastructure company, to become the fifth-largest publicly traded corporate holder of Bitcoin, according to industry data. Corporate Bitcoin buying returns as price rebounds Strive’s latest purchases have coincided with a broad recovery in Bitcoin and the wider digital asset market that began on Aug. 19, when the US Treasury Department announced plans to double the size of certain long-term bond buybacks. The move helped push Treasury yields lower and fueled a rebound in risk assets, with Bitcoin rallying more than 23% to a recent high above $81,000. Strive isn’t alone in ramping up its Bitcoin purchases. Michael Saylor’s Strategy, the world’s largest corporate Bitcoin holder, announced Monday that it had resumed buying BTC for the first time since June, acquiring 4,603 Bitcoin at an average price of $80,318. The purchase lifted Strategy’s holdings back above 845,000 BTC following four Bitcoin sales since May. Related: Crypto Biz: Bitcoin pumps, Wall Street does the paperwork

Strive, a U.S. asset management firm, has boosted its Bitcoin holdings by purchasing an additional 1,800 BTC. This acquisition brings Strive’s total Bitcoin stash to 23,156, surpassing Bullish and making Strive the fifth-largest corporate Bitcoin holder. The move is part of Strive’s ongoing strategy to enhance its Bitcoin treasury, indicating continued confidence in the cryptocurrency market. This development places Strive firmly among the top corporate entities holding Bitcoin, following its previous total of 21,356 BTC. Key Takeaways - Strive’s acquisition of 1,800 BTC suggests an increased commitment to expanding its Bitcoin reserves, reflecting confidence in cryptocurrency’s potential. - Market pricing implies a positive outlook for Strive’s stock value, potentially enhancing the odds of STRC hitting $100 by December 31. - The shift in corporate Bitcoin rankings suggests a significant impact on the perception of Strive’s competitive position and strategy. What to Watch Market participants should monitor further announcements from Strive that may indicate additional Bitcoin acquisitions or strategic shifts. The current market pricing suggests that any further accumulation by Strive could strengthen the perceived value of STRC, potentially affecting the December 31 odds. Observers should also keep an eye on market reactions to Strive’s ranking changes, as they may influence broader corporate Bitcoin holding trends. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Strive has purchased 1,800 Bitcoin for about $143 million, raising its treasury to 23,156 BTC and moving past Bullish into fifth place among public corporate holders. - Strive paid an average of $79,431 per Bitcoin between Aug. 24 and Aug. 28. - The company’s Bitcoin treasury increased from 21,356 BTC to 23,156 BTC. - ASST and SATA issuance continued as Strive financed purchases through its at-the-market programs. - ASST gained more than 5% on Monday after nearly doubling during August. Strive Bitcoin holdings reach 23,156 BTC The U.S. Securities and Exchange Commission Form 8-K filing, submitted on Aug. 31, showed that Strive acquired 1,800 BTC between Aug. 24 and Aug. 28 at an average price of $79,431 per coin, including fees and expenses. At the reported average price, the transaction cost approximately $143 million. Strive ended the period with 23,156 BTC, up from 21,356 BTC one week earlier. BitcoinTreasuries.net data placed the Dallas-based company ahead of crypto exchange Bullish, which holds 22,000 BTC. The new balance made Strive the fifth-largest publicly traded corporate Bitcoin holder, behind Strategy, Twenty One Capital, Metaplanet, and MARA Holdings. At a Bitcoin price of roughly $76,400, Strive’s holdings were worth about $1.77 billion. Market values can change with the price of BTC, while the filing did not disclose the company’s combined acquisition cost for its full treasury. Chief executive Matt Cole confirmed the purchase in an Aug. 31 post on X. “Strive acquired an additional 1800 BTC for $143M at an average cost of $79431 per bitcoin, bringing total holdings to ₿23156,” Cole wrote. The acquisition followed another filing one week earlier in which Strive disclosed a purchase of 1,110 BTC for $81.5 million. As previously reported by crypto.news, the company paid an average of $73,409 per coin between Aug. 17 and Aug. 21, lifting its balance from 20,246 BTC to 21,356 BTC. Across the two reporting periods, Strive acquired 2,910 BTC for approximately $224.5 million. Its average purchase price rose during the second week as Bitcoin moved through the upper-$70,000 range. Share sales financed the Bitcoin purchase Strive has used two Nasdaq-listed securities to raise money for its Bitcoin strategy: ASST common stock and SATA preferred stock. Both operate through at-the-market programs, which allow appointed sales agents to issue shares gradually instead of completing one large underwritten offering. The latest filing showed that Strive’s outstanding Class A common shares increased by 3.58 million during the week, rising from 79.89 million to 83.47 million. Its Class B share count remained unchanged at 9.79 million. Effective common shares outstanding consequently reached 93.26 million, while the assumed fully diluted count increased by 3.57 million to 96.52 million. The latter figure includes options and unvested employee awards but excludes 26.6 million shares tied to traditional warrants. SATA issuance also continued, with the number of preferred shares climbing by 803,099 to 9.07 million. The security carries a $100 liquidation preference, placing its implied aggregate liquidation value at about $907.4 million. Although Strive did not divide the purchase funding between the ASST and SATA programs, the simultaneous increase in both share counts showed that the company continued using common and preferred equity to support its treasury activity. Its filing also identified dilution from new ASST and SATA issuance as a risk for investors. In June, Strive disclosed plans to add $2.1 billion of capacity to each program, creating up to $4.2 billion in possible new fundraising. The fundraising expansion gave the company more room to issue securities when market demand and pricing allowed. For U.S. investors, ASST and SATA offer different exposure to Strive’s Bitcoin balance sheet. Common shareholders own the remaining equity after senior claims and can experience dilution as Strive sells more shares, while SATA holders have priority for declared dividends but do not own a direct claim on a fixed amount of Bitcoin. SATA is a perpetual preferred security without a scheduled maturity date. Strive has maintained a 13% annualized dividend rate and began paying declared cash dividends every business day in June. Strive’s cash position rises despite $143M purchase Alongside its Bitcoin acquisition, Strive increased cash and cash equivalents by $11.6 million, from $171.9 million on Aug. 21 to $183.5 million on Aug. 28. The company also continued holding 505,000 shares of Strategy’s STRC preferred stock. Although the number of shares did not change during the week, their reported fair value rose by $581,000 to $49.15 million. Cash and STRC together had a reported value of approximately $232.65 million at the end of the period. Strive has used both assets as part of the reserves supporting its preferred-stock obligations. Earlier in August, the company reported that it had retired all outstanding short- and long-term debt. Its second-quarter results showed a GAAP net loss of $257.6 million, including $234 million linked to declines in the fair value of Bitcoin and STRC during the quarter. Preferred dividends also affect the amount available to common shareholders. Strive recorded $26.2 million in SATA dividends within its adjusted second-quarter loss attributable to common stockholders. The company reported 6,236 BTC of purchases during the second quarter and 12,237 BTC during the first six months of 2026. An additional 303 BTC acquired through Aug. 7 brought the treasury to 20,167 BTC before several purchases later in the month. Strive then bought 79 BTC for about $5 million between Aug. 10 and Aug. 14, followed by 1,110 BTC the next week and 1,800 BTC during the latest reporting period. The three transactions added 2,989 BTC in 15 days. Back in May, a 1,109 BTC purchase had raised Strive’s holdings to 16,500 BTC and pushed the company ahead of Coinbase and Riot Platforms in the public-company ranking at the time. ASST stock extends its August rally ASST shares rose more than 5% during Monday trading after closing at $21.74 on Aug. 28. Market data showed the stock opened at $22.54 and traded between $21.95 and $23.46 during the session. At approximately $23.16, ASST was up 6.5% on the day and had gained about 95% during August. Trading volume exceeded 5.2 million shares during the session, compared with an average near 5.18 million. The stock’s rise followed a sharp increase in Strive’s Bitcoin balance and continued issuance under its common-stock program. ASST shareholders, however, remained exposed to Bitcoin price changes, preferred dividend costs, and further share issuance listed in the company’s SEC disclosures. SATA traded near its $100 liquidation preference after falling below par the previous week. The preferred stock’s price matters to Strive because issuing shares well below $100 requires more units to raise the same capital, which adds to the company’s continuing dividend obligation. Bitcoin traded near $78,000 during the same period after moving between approximately $77,161 and $79,346 over 24 hours. The cryptocurrency remained below Strive’s latest average purchase price of $79,431 but above the $73,409 average paid for the company’s preceding 1,110-BTC acquisition.

Strive (NASDAQ: ASST) has now jumped to the fifth spot among publicly traded corporate Bitcoin holders, leapfrogging Bullish (NYSE: BLSH) after a 1,800 token accumulation week pushed the firm’s stack to 23,156 BTC worth roughly $1.8 billion as of August 31. The Dallas-based asset manager overtook Bullish as it continues to build up its Bitcoin stash, while the latter is on its way down. Before the latest update to itsbalance sheet, Strive entered the final week of August with 21,356 BTC, per its August 24filing with the SEC. At the time,Bullish held 22,000 BTC, with its 1,700 token sale at the end of June as its most recent transaction. Both companies still rank behind MARA Holdings at 35,577 BTC and far behind Michael Saylor’s Strategy, which now holds 845,050 BTC after its first token purchase since June. Strive has been steadily tapping equity issuance of common stock (ASST) and preferred stock (SATA) to power its Bitcoin accumulation strategy. SATA powers most of the firm’s buying activity when it trades near its $100 par value. The variable-rate perpetual preferred pays a 13% annualized dividend every business day, a design that CEO Matt Cole touted as a first for a US-listed security. Last week’s 1,800 BTC acquisition follows an $81.5 million splurge on 1,110 BTC per the firm’s 8-K for the August 17 to 21 period, asCryptopolitan reported. The company’s cash rose to $171.9 million following a $17.1 million gain on the at-the-market sales of its common and preferred stock over the same period. Strive entered the corporate Bitcoin leaderboard through a September 2025 merger with Asset Entities. It expanded with an all-stock deal for Semler Scientific in January 2026. Bullish, on the other hand, is a digital-asset exchange operator led by the former president of the New York Stock Exchange, Tom Farley. It became a publicly traded Bitcoin treasury firm after it raised $1.1 billion in its August 2025 IPO. Strive maintained its Bitcoin buying despite taking a$257.6 million net lossfor the quarter ended June 30, disclosed on August 10. It related 94% of that drawdown to Bitcoin’s price struggles during that period and its stake in Strategy’s preferred shares. Ironically, the medical device sales business it took over with its Semler deal posted close to a 100% year-on-year revenue growth to $2.94 million. Cole has framed the balance sheet as built for this kind of volatility, telling investors the company stands debt-free with no margin requirements and no encumbered Bitcoin. The smartest crypto minds already read our newsletter. Want in?Join them. Strive holds 23,156 BTC worth about $1.8 billion as of August 31, 2026, according to BitcoinTreasuries.net, which ranks it the fifth-largest public corporate Bitcoin holder. Strive posted a $257.6 million net loss for the quarter ended June 30, and roughly 94% of it came from the declining fair-market value of its Bitcoin and its stake in Strategy's preferred stock, not from its operations, according to its SEC filing. Strive funds its buys through at-the-market sales of its common stock (ASST) and its SATA preferred shares; in the week of August 17 to 21 those sales raised enough to spend $81.5 million on bitcoin and still add $17.1 million to cash. Disclaimer.The information provided is not trading advice.Cryptopolitan.comholds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. Hannah Collymore Hannah is a writer and editor with nearly a decade of blog writing and event reporting experience in the crypto space. At Cryptopolitan, Hannah contributes to the news page, reporting and analyzing the latest developments in DeFi, RWA, crypto regulation, AI and frontier tech industries. She graduated from Arcadia university with a degree in Business Administration.

Share: Strive CEO Matt Cole announced the firm bought 1,800 BTC for $143 million at an average price of $79,431, raising its treasury to 23,156 BTC. At a BTC market price of $78,000 the holdings are worth about $1.76 billion, underscoring continued corporate Bitcoin accumulation and potential supply impact for crypto adoption and market dynamics. Predictions Markets See what traders are focused on Strive CEO Matt Cole took it to X to announce that the company has accumulated another 1,800 BTC for $143 million at an average price of $79,431 per unit. Thus, the firm’s total holdings have grown to 23,156 BTC. From a USD perspective, the firm’s cryptocurrency stash is now worth $1.760 billion, given the asset’s price of $78,000 as of press time. Coins Bitcoin $ 78.98K 143 $ 0.0000365 Funds BitMine Predictions Markets See what traders are focused on Share: Coins Bitcoin $ 78.98K 143 $ 0.0000365 Funds BitMine Predictions Markets See what traders are focused on Share: Read More

In brief - Strive bought another 1,800 BTC for roughly $143 million at an average price of $79,431 per coin, raising its total holdings to 23,156 BTC, worth about $1.76 billion, CEO Matt Cole said. - The purchase extends an aggressive accumulation strategy for the firm, which trades as ASST after merging with Asset Entities.. - It lands amid renewed sector buying: Strategy broke a two-month pause with a $370 million purchase, and Bitmine made its largest Ethereum buy since June. Strive is continuing to stack Bitcoin, snapping up another 1,800 BTC worth roughly $143 million as the asset manager expands one of the larger corporate crypto treasuries. CEO Matt Cole said Monday the company paid an average price of $79,431 per coin for the latest tranche, lifting Strive's total holdings to 23,156 BTC. At the reference price cited in the disclosure, that stash is valued at roughly $1.76 billion. The purchase extends an aggressive accumulation strategy for the firm, which trades on the Nasdaq under the ticker ASST following its merger with Asset Entities earlier this year. Strive, initially co-founded by entrepreneur turned politician Vivek Ramaswamy, recently added $81 million in Bitcoin alongside a share sale, part of a steady cadence of buying as it builds out its treasury. Strive is among a wave of public companies that have adopted Bitcoin treasury strategies, raising capital to accumulate the asset and tie their fortunes to its price. The model, pioneered by Michael Saylor's Strategy, has drawn a crowded field of imitators over the past year, though the approach carries risk given Bitcoin's volatility. The timing lines up with renewed buying across the sector as Bitcoin has rallied. Strategy this week broke a roughly two-month pause with a $370 million purchase, its first since June, after a run-up flipped its position back into the green. Tom Lee's Bitmine, meanwhile, made its largest Ethereum purchase since June, underscoring how treasury firms have leaned back into accumulation as prices recovered. Bitcoin traded around $78,600 on Monday, off slightly on the day but on track to close August with a gain of more than 24%, its strongest month since 2017. Strive's average purchase price on the new tranche sits just above current levels, leaving the latest buy roughly break-even for now.

Strive buys 1,800 Bitcoin for $143M, becomes fifth-biggest corporate holder Strive’s latest Bitcoin purchase lifted its holdings to 23,156 BTC, making it the fifth-largest publicly traded corporate holder as crypto markets rebound. Strive, a publicly traded asset manager and Bitcoin treasury company, added 1,800 Bitcoin to its holdings last week, accelerating an accumulation strategy that has propelled it into the ranks of the world’s five biggest publicly traded corporate Bitcoin holders. The company purchased the Bitcoin (BTC) for approximately $143 million between Aug. 24 and Aug. 28, paying an average price of $79,431 per BTC, including fees and expenses. CEO Matt Cole confirmed the acquisition on Monday. The purchase brought Strive’s total holdings to 23,156 Bitcoin, up from 21,356 BTC a week earlier. As Cointelegraph reported, the company had purchased 1,110 BTC the previous week for roughly $81.5 million at an average price of $73,409 per coin. Strive has accelerated its Bitcoin accumulation in recent weeks. Adam Livingston, an adviser to Saturn Credit, noted that the latest purchase increased the company’s Bitcoin holdings by roughly 8.4% in just five business days. Source: Adam Livingston The acquisition also pushed Strive past Bullish, the crypto exchange and digital asset infrastructure company, to become the fifth-largest publicly traded corporate holder of Bitcoin, according to industry data. Corporate Bitcoin buying returns as price rebounds Strive’s latest purchases have coincided with a broad recovery in Bitcoin and the wider digital asset market that began on Aug. 19, when the US Treasury Department announced plans to double the size of certain long-term bond buybacks. The move helped push Treasury yields lower and fueled a rebound in risk assets, with Bitcoin rallying more than 23% to a recent high above $81,000. Strive isn’t alone in ramping up its Bitcoin purchases. Michael Saylor’s Strategy, the world’s largest corporate Bitcoin holder, announced Monday that it had resumed buying BTC for the first time since June, acquiring 4,603 Bitcoin at an average price of $80,318. The purchase lifted Strategy’s holdings back above 845,000 BTC following four Bitcoin sales since May. Related: Crypto Biz: Bitcoin pumps, Wall Street does the paperwork

Strive Acquires 1,800 Bitcoin For $143M, Ranks No. 5 Among Firms CEO Matt Cole confirmed the acquisition on Monday, describing the buys as part of an ongoing strategy. According to the company's reported figures, Strive paid an average of $79,431 per Bitcoin for the latest tranche. Key takeaways- Strive bought 1,800 BTC for roughly $143 million between Aug. 24 and Aug. 28, including fees and expenses. Holdings rose to 23,156 BTC, up from 21,356 BTC a week earlier. The latest week's accumulation accelerated gains: an adviser to Saturn Credit said the increase represented about 8.4% in five business days. Strive moved up the corporate holder rankings, overtaking Bullish to become the fifth-largest publicly traded corporate Bitcoin holder, based on industry tracking. Broader buying aligns with market rebound after a US Treasury policy update supported risk assets and helped Bitcoin recover. The most recent week's purchases raised Strive's total Bitcoin holdings to 23,156 BTC, compared with 21,356 BTC just a week earlier. This continues a pattern of quicker ramp-ups rather than steady, slower additions. Earlier coverage from Cointelegraph noted that Strive had already bought 1,110 BTC the previous week for roughly $81.5 million, at an average price of $73,409 per coin. Taken together, the two consecutive weeks show the company increasing its weekly pace while Bitcoin's price moved higher. Industry adviser Adam Livingston, an adviser to Saturn Credit, said the latest acquisition lifted Strive's Bitcoin holdings by approximately 8.4% within five business days. That rate matters because it indicates Strive is not only adding to its treasury, but doing so at a speed that changes its relative position among other public corporate buyers. Strive's latest tranche also appears to have improved its standing in the corporate Bitcoin ecosystem. According to bitcointreasuries, the purchase helped Strive move ahead of Bullish, placing it among the world's five largest publicly traded corporate Bitcoin holders. What the timing suggests: policy-driven rebound and risk appetiteStrive's buying comes during a period when Bitcoin and broader digital asset markets have been rebounding. Cointelegraph reported that the market recovery accelerated after the US Treasury Department announced plans to double the size of certain long-term bond buybacks on Aug. 19. That development helped push Treasury yields lower and supported risk assets. In that context, Bitcoin rallied more than 23%, reaching a recent high above $81,000, as cited by Cointelegraph's market coverage. For corporate buyers, such macro shifts can influence both funding conditions and the perceived opportunity cost of waiting for a better entry point. Strive's latest purchases-executed across Aug. 24–Aug. 28-therefore landed while the market was already regaining momentum rather than during a deep drawdown. However, the company still averaged $79,431 per BTC for the week, which reflects the ability of treasury-focused firms to deploy capital amid volatility and changing sentiment. Strive isn't the only corporate buyer: Strategy resumes after a pauseStrive's acceleration is part of a wider wave of corporate Bitcoin activity. Cointelegraph noted that Michael Saylor's Strategy, the largest publicly traded corporate Bitcoin holder, announced Monday that it resumed buying BTC for the first time since June. Strategy said it purchased 4,603 Bitcoin at an average price of $80,318. The acquisition reportedly lifted its holdings back above 845,000 BTC following four Bitcoin sales since May. For investors watching corporate treasuries, this is an important contrast: some companies reduce exposure through sales to fund operations or manage balance-sheet priorities, while others treat market dips and rebounds as opportunities to rebuild or expand reserves. Strategy's decision to restart buying after a sales period aligns with the broader market recovery narrative, while Strive's continued buildup suggests it is prioritizing steady expansion of its treasury. Why the corporate race matters for the marketThe competitive dynamics among publicly traded Bitcoin holders are more than a ranking exercise. When large buyers increase their reserves, it can reinforce confidence in Bitcoin as a reserve asset and add an additional layer of demand that is not directly tied to short-term retail sentiment. At the same time, the data shows how quickly positions can change. Livingston's estimate that Strive's Bitcoin holdings rose by about 8.4% in five business days illustrates how capital deployment pace can quickly alter relative standings. Strive went from holding 21,356 BTC to 23,156 BTC in roughly a week, a magnitude that's large enough to shift it up the corporate leaderboard. Still, readers should note that these developments don't necessarily reveal Strive's longer-term target or whether the firm plans to keep increasing its pace. The filings and purchase windows in the reporting provide a snapshot of current behavior, but the sustainability of the acceleration depends on future balance-sheet capacity, financing decisions, and how management responds as market conditions evolve. With Bitcoin back above key levels cited in recent reporting, and corporate buyers reactivating or accelerating purchases, the next thing to watch is whether Strive maintains this speed of accumulation in the weeks ahead-and whether other major publicly traded treasuries follow Strategy's lead in restarting or extending buy programs. Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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The asset manager reached 23,156 BTC after buying 1,800 coins in one week and surpassed Bullish in the corporate ranking. Quick summary Strive (NASDAQ: ASST) moved up to fifth place among publicly traded companies with the most bitcoin by reaching 23,156 BTC on August 31, after accumulating 1,800 coins in a week. The amount was valued at approximately US$1.8 billion. With the new position, the asset manager overtook Bullish, which had 22,000 BTC. Prior to that, Strive began the last week of August with 21,356 BTC, according to an unsubmitted document to the SEC on August 24. Ranking data also show that both companies remain behind MARA Holdings, with 35,577 BTC, and far from Strategy, which now totals 845,050 BTC, according to the bitcoin corporate treasury balance tracking. To fund the buying strategy, Strive has resorted to issuing common stock and preferred stock. The preferred SATA, according to material, accounts for most of the acquisition activity when trading near its nominal value of US$100. In the prior week, the company had already bought 1,110 BTC for US$81.5 million in the period from August 17 to 21. In the same interval, cash rose to US$171.9 million after a gain of US$17.1 million from sales in the common and preferred stock market. Even with a net loss of US$257.6 million in the quarter ended June 30, disclosed on August 10, Strive maintained its bitcoin purchases. The company attributed 94% of that drop to asset price difficulties during the period and to Strategy’s involvement in preferred stock. About the author View full profile CriptoPortal editorial staff is responsible for the daily coverage of the crypto assets market at CriptoPortal. We bring together reporters and editors dedicated to explaining Bitcoin, altcoins, regulation and trends clearly, verified, and accessible to readers of all levels.

Discover the institutional crypto exchange LMAX Digital through high-level info and live data here. ✕ Latest Crypto News Hyperliquid seeks US foothold through Kraken parent Payward in crypto perpetuals deal: Bloomberg Aug 31, 2026, 2:16PM EDT • Markets exclusive OpenSea adds Solana NFT trading more than four years after initial beta Aug 31, 2026, 2:11PM EDT • Markets Kalshi issues first permanent ban to former Rep. George Santos over State of the Union trading Aug 31, 2026, 11:23AM EDT • Regulation NYSE parent ICE partners with tZERO on infrastructure for tokenized securities Aug 31, 2026, 11:04AM EDT • Markets See More Latest Crypto News Strive becomes fifth-largest public bitcoin treasury after 1,800 BTC buy, TD Cowen lifts ASST price target By Kyle Baird Business•August 31, 2026, 11:35AM EDT Share !Strive becomes fifth-largest public bitcoin treasury after 1,800 BTC buy, TD Cowen lifts ASST price target <span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="theblock.co" target="_blank">The Block</a></span></span><span class="acf-credit"> | <span class="acf-credit"><a href="zepd.design" target="_blank">Illustration by Zoe Ellyse Del Rosario for The Block</a></span></span></span> Partner offers The Block may earn a commission if you use our partner offers, at no extra cost to you. Quick Take TD Cowen expects Strive to end 2026 with 27,156 BTC, nearly 4,300 more than previously forecast. Strategy resumed bitcoin buying after a roughly 10-week pause, adding 4,603 BTC last week. We'd love your feedback. Take a 30-second survey to help improve The Block. Start Survey Advertisement Strive has jumped to become the fifth-largest publicly traded bitcoin treasury company after adding another 1,800 BTC, prompting TD Cowen analysts to raise their price target on the firm's common shares. Strive purchased the bitcoin (BTC) for roughly $143 million between Aug. 24 and Aug. 28 at an average price of $79,431. It brought the company's total holdings to 23,156 BTC, according to a The additional BTC was enough to bump Strive (ASST) ahead of crypto exchange Bullish to take the number 5 spot among publicly traded corporate bitcoin holders, TD Cowen raised its price target for Strive's ASST shares more than 14% to $32 from $28 while maintaining a Buy rating. In a Monday research note, the firm said the increase reflects treasury activity that has "meaningfully exceeded" its previous model. ASST was trading up roughly 6% on Monday morning to $23. The stock remains up nearly 165% in just the past six months alone, according to Google Finance. Strive's year-to-date BTC yield, a metric that compares growth in bitcoin holdings relative to share count, reached 40.8% as of its Aug. 28 filing, up from less than 37% in early June. TD Cowen now expects Strive to purchase nearly 4,300 BTC in the third quarter, a more than 180% jump from its prior forecast of just 1,500 BTC, followed by another 3,000 bitcoins in the fourth quarter. That would put Strive's holdings at over 27,100 BTC, within reach of surpassing the number 4 spot occupied by Adam Back's Bitcoin Standard Treasury Company, which holds a little over 30,000 BTC. The analysts maintained their year-end bitcoin price assumption of around $97,500 and its 3x multiple on Strive's projected bitcoin treasury gains. Bitcoin treasury company top dog Strategy also made its return to bitcoin buying last week, acquiring another 4,603 BTC for nearly $370 million, bringing its total holdings to 845,050 BTC. This was Strategy's first bitcoin buy in roughly 10 weeks after it paused in late June to focus on adding to its cash reserves and selling some in the process. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in financial disclosures. © 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. RATINGS See more ratings SPONSORED TRON DAO Engages Brazilian Authorities at DCGG and CNMP Digital Asset Recovery Forum August 28, 2026, 6:01PM EDT

The company issued 3.6 million common shares and 803,099 preferred shares in the same week, and its cash position still rose. Strive purchased 1,800Bitcoin (BTC)at an average price of approximately $79,431 between August 24 and August 28, according to a Form 8-K filed on Monday, lifting its holdings to 23,156 BTC in a purchase worth roughly $143 million. Strive acquired an additional 1,800 BTC for $143M at an average cost of $79,431 per bitcoin, bringing total holdings to ₿23,156.$ASST$SATApic.twitter.com/6ztKhC4PFF It is the company’s largest singledisclosedpurchase since the 5,816 BTC it bought alongside theSemler Scientific merger announcementin September 2025. The purchase landed in the same week that Strategy returned to buying after a two-month pause,acquiring 4,603 BTC for $370 millionat an average of roughly $80,380. Between them, the two treasuries deployed about $513 million over five trading days, at average prices within $1,000 of each other. Strive’s weekly deployment has moved by more than an order of magnitude in a month. Between July 20 and July 24, thecompany bought 79 Bitcoin for about $5.2 million, at an average of $65,723, crossing 20,000 BTC in the process. Five weeks later it deployed roughly 27 times that amount in a single week. The average prices across its disclosed purchases trace the market it has been buying into. Strive paid $116,047 per Bitcoin in September 2025 when it acquired 5,816 BTC for $675 million,$91,561 in January 2026on a 123-coin purchase, $65,723 in late July, and $79,431 last week. The filing shows the mechanism directly. Strive’s cash and cash equivalents rose from $171.9 million to $183.5 million over the same period in which it spent roughly $143 million on Bitcoin. Class A shares outstanding increased by 3,579,147, from 79,890,888 to 83,470,035. SATA preferred shares increased by 803,099, from 8,270,815 to 9,073,914. Class B shares were unchanged. That reflects the funding model the company has described publicly: raisingcapitalprimarily through its SATA perpetual preferred stock to reduce reliance on common shareissuance.SATA launched in November 2025with a 12% annual dividend paid monthly, which the company has since raised to approximately 13%. Strive has framed this as a preferred-equity-first approach that avoids the debt maturity risk attached to leveraged bitcoin strategies. Effective common shares outstanding rose from 89,683,423 to 93,262,570, a 4.48% increase in one week. Assumed fully diluted shares rose from 92,949,226 to 96,523,351. Measured against holdings, bitcoin per effective common share moved from roughly 0.000238 to 0.000248—an increase of about 4.3%. That comparison is the test the model sets for itself. Issuing shares to buy bitcoin only works for existing holders if the bitcoin added outpaces the dilution, and on this week’s filing it did, narrowly. The filing also discloses that Strive holds 505,000 shares of Strategy Inc.’s Variable RateSeries APerpetual Stretch Preferred Stock, carried at a fair value of $49.15 million, up from $48.57 million a week earlier. The holding was unchanged in size. The timing is worth noting. In the same week Strive’s STRC holding appreciated, Strategy repurchased $152 million of that security, and Saylor said thebuybacktightened STRC’s Bitcoin credit spread to 56 basis points from 59. Strive’s 505,000 shares rose $581,000 in value over the period without any change inposition size. That places oneBitcoin treasurycompany as aholderof another’s preferred stock. Strive has previously been described as aligning its approach with Strategy, the largest corporate Bitcoin holder. Strive completed its all-stockacquisition of Semler Scientificin January 2026, folding in 5,048.1 Bitcoin and reaching 12,797.9 BTC. It ranked seventh among public corporate holders as of late July. Founded in 2022 by Vivek Ramaswamy, the company describes itself as the first publicly traded asset management bitcoin treasury company. Management has said Semler’s diagnostics business is not central to long-term plans and that it expects to monetize the operating business and redeploy capital toward bitcoin-related initiatives. Bitcoin traded at $78,400 as of 12:15 PM UTC on August 31, according toCoinGeckodata, placing both treasuries’ latest purchases slightly above the prevailing market. The price has recovered from summer lows near $58,000 to $63,000. Thatrallywasdriven by institutional rather than retail flows, withbitcoin ETFs taking in $2.8 billion over two weeksas the price tested $80,000.

Strive buys 1,800 Bitcoin for $143M, becomes fifth-biggest corporate holder Strive, a publicly traded asset manager and Bitcoin treasury company, added 1,800 Bitcoin to its holdings last week, accelerating an accumulation strategy that has propelled it into the ranks of the world’s five biggest publicly traded corporate Bitcoin holders. The company purchased the Bitcoin (BTC) for approximately $143 million between Aug. 24 and Aug. 28, paying an average price of $79,431 per BTC, including fees and expenses. CEO Matt Cole confirmed the acquisition on Monday. The purchase brought Strive’s total holdings to 23,156 Bitcoin, up from 21,356 BTC a week earlier. As Cointelegraph reported, the company had purchased 1,110 BTC the previous week for roughly $81.5 million at an average price of $73,409 per coin. Strive has accelerated its Bitcoin accumulation in recent weeks. Adam Livingston, an adviser to Saturn Credit, noted that the latest purchase increased the company’s Bitcoin holdings by roughly 8.4% in just five business days. Source: Adam Livingston The acquisition also pushed Strive past Bullish, the crypto exchange and digital asset infrastructure company, to become the fifth-largest publicly traded corporate holder of Bitcoin, according to industry data. Corporate Bitcoin buying returns as price rebounds Strive’s latest purchases have coincided with a broad recovery in Bitcoin and the wider digital asset market that began on Aug. 19, when the US Treasury Department announced plans to double the size of certain long-term bond buybacks. The move helped push Treasury yields lower and fueled a rebound in risk assets, with Bitcoin rallying more than 23% to a recent high above $81,000. Strive isn’t alone in ramping up its Bitcoin purchases. Michael Saylor’s Strategy, the world’s largest corporate Bitcoin holder, announced Monday that it had resumed buying BTC for the first time since June, acquiring 4,603 Bitcoin at an average price of $80,318. The purchase lifted Strategy’s holdings back above 845,000 BTC following four Bitcoin sales since May.